[January 26, 2012] Stock to Watch: Quantum Down 11.4% (QTM) Tweet Jan 26, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Quantum (NYSE:QTM) is one of today's worst performing low-priced stocks, down 11.4% to $2.49 on 1.3x average daily volume. Thus far today, Quantum has traded 1.5 million shares, vs. average volume of 1.2 million shares per day. The stock has underperformed the Dow (-11.4% to the Dow's 0.3%) and underperformed the S&P 500 (-11.4% to the S&P's -0.1%) during today's trading. Quantum has overhead space with shares priced $2.49, or 20.9% below the average consensus analyst price target of $3.15. The stock should find initial resistance at its 50-day moving average (MA) of $2.52 and further resistance at its 200-day MA of $2.59. Quantum Corporation designs and manufactures storage products. The Company sells a variety of storage products to original equipment manufacturers and distribution customers worldwide. Storage products include DLTtape drives, DLTtape media cartridges, and tape libraries. In the past 52 weeks, shares of Quantum have traded between a low of $1.53 and a high of $4.04 and are now at $2.49, which is 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant. SmarTrend recommended that subscribers consider buying shares of Quantum on October 13th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.30. Since that recommendation, shares of Quantum have risen 22.4%. We continue to monitor QTM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]